🎵 Donate any amount today and download 5 different Marketplace ringtones 🎵 Give Now
Codebreaker

FCC approves AT&T’s spectrum grab

Marc Sanchez Dec 23, 2011


Around the time AT&T’s failed attempt to acquire T-Mobile was being hatched, the company also had its eyes on much-sought-after airwaves from Qualcomm. Yesterday the Federal Communications Commission, perhaps trying to prove that it doesn’t look down on everything AT&T does, approved the $1.9 billion purchase. Qualcomm no longer had a use for the spectrum (don’t we all have a *little* spectrum laying around in a closet somewhere?), which it used to serve its failed cable TV service. AT&T wants the spectrum to beef up its LTE network. The catch for AT&T, however, is that this spectrum only runs one way – it enables downloads. Good, if you’re trying to stream a movie. Not so good, if you’re trying to send a movie. The one bright spot for AT&T in this purchase is that it costs about $37 billion dollars less than trying to take over T-Mobile. Quick, check under your bed for spectrum. I think I might know a buyer!

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.